ppa

More power purchase agreements (PPA) were signed last year, although contracted PPA volumes dropped by more than 20%, according to the European PPA Market Outlook 2023 conducted by Pexapark.

Oil company Eni's renewables subsidiary Plenitude has inaugurated a 263MW solar PV plant in Texas.

A round-up of the latest news from the power purchase agreement market, including a virtual PPA between EDF and Thermo Fisher Scientific in Texas, Engie signing a 116MW PPA with Digital Realty in Germany and PG&E securing 30MW of community solar PPAs.

Power purchase agreements must become a mainstream tool for the development and energy supply of renewables, according to SolarPower Europe.

Australian energy retailer SmartestEnergy has signed a long-term power purchase agreement (PPA) with renewable energy project owner Octopus Group to offtake 25% generation from a solar farm.

Enfinity Global has signed a 10-year PPA with renewable energy generator Statkraft, producing 191GWh of electricity in Italy a year. 

The US and Europe saw relatively modest increases in the average prices of solar power purchase agreements (PPA) in Q4 2022; 4% and 3% respectively.

Middle Eastern renewable energy company AMEA Power has signed an agreement with the Ivory Coast government for a solar PV project.

Colombian oil company Ecopetrol has selected independent power producer Total Eren for the construction and operation of a 100MWp solar plant in Colombia.

Developer Mytilineos has signed a 10-year power purchase agreement with energy giant Statkraft for four solar farms in Italy with a total capacity of 63MW.